Business News for Friday November 5, 2010

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Brand name beer shows recent gains CHICAGO (UPI) -- Grocery store sales of three of the four largest U.S. beer brands have headed higher in recent weeks, counter to a recessionary trend, a research group said. SymphonyIRI, which tracks grocery scanner data, said grocery store annual sales of Coors Light were up 1 percent as of Oct. 3, but sales of Miller Lite, Bud Light and Budweiser had dropped between 2 percent and 8 percent, The Chicago Tribune reported Thursday. For the past month, however, sales of all... Continue Reading... Post a Comment | Share | Print U.S. penalizes 6 firms $156.5M for bribes HOUSTON (UPI) -- U.S. authorities said Thursday that a freight company and five gas and oil firms had agreed to $156.5 million in criminal fines related to bribery schemes. The Securities and Exchange Commission and the Department of Justice said charges were filed in federal court in Houston against Swiss freight forwarding company Panalpina World Transport Holding Ltd. alleging $27 million in bribes paid on behalf of its customers between 2002 and 2007. The company ... Continue Reading... Post a Comment | Share | Print WTO says protectionist measures in check GENEVA, Switzerland (UPI) -- Group of 20 nations have largely held back from increasing protectionist policies since the summit meeting in Toronto, the World Trade Organization said. World leaders met in Toronto in June. Since then, "by and large ... governments have continued to resist protectionist pressures," the WTO said in a report released Thursday. "The majority of new investment measures taken by G20 governments has aimed at facilitating and encouraging investment ... Continue Reading... Post a Comment | Share | Print Advertisement Free Tide Plus Febreze Sample Visit here and Get a $1,000 Best Buy Card On Us Markets post solid gains NEW YORK (UPI) -- U.S. markets surged Thursday on encouraging data backed by a U.S. Federal Reserve decision to pump $600 billion into the economy through treasury bonds. The Fed said Wednesday it would buy $75 billion in long-term bonds per month through June. The decision was made after reports earlier in the week showed gains in U.S. and Chinese manufacturing and in service-oriented U.S. business activity. Equity markets rose across Asia and Europe Thursday. By close of... Continue Reading... Post a Comment | Share | Print     More Headlines • CareerBuilder says job listings are up • Grain futures surge in Chicago • Fed move sparks oil price jump • For public offering, GM can fly privately • Economists: Lame ducks have big decisions     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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